Commercial Multifamily Financing – 15% Seller Financing Allowed! No Rent Rolls!

[Robert Jay]

Investors and Realtors….for the first time ever, you are now able to receive hassle free, private money financing on commercial multifamily properties! 😊

Here’s what this means for you:

• Say goodbye to commercial lenders asking for rent rolls to ensure there is enough cash flow to meet their DSCR ratios!
• Say goodbye to commercial lenders asking for T-12 operating statements just to tell you the deal doesn’t work based on "net" cash flow!
• Say goodbye to needing a 20% to 30% down payment on acquisitions!
• Say goodbye to commercial floating rates, and 5, 7, or 10 year terms!
• Say hello to lower down payments with 15% seller financing allowed on acquisitions!
• Say hello to no tax returns, no paystubs, no W2’s, no 1099’s, no rent rolls, and no T-12 operating statements!
• Say hello to no more hoops to jump through!
• Acquisitions - Qualify based on credit score, and down payment.
• Cash Out Refinance – Qualify based on credit score, and the amount of equity in the property.

Listed below is what I refer to as the “sweet spot” regarding qualifying on acquisitions:

• 5 or more units.
• Stabilized property condition.
• Minimum credit score is 650.
• Fixed rates. 30 year fixed term. 30 year amortization.
• Minimum loan amount is $75,000.
• Max purchase price is $7 Million.
• Minimum down payment is 25% but remember 15% seller financing is allowed which will reduce the total down payment to 10%
• Property can be zoned residential, or commercial. Either is fine.
• If your client is a Foreign National, and doesn’t have a credit score no problem!

Listed below is what I refer to as the “sweet spot” regarding qualifying on cash out refinances:

• 5 or more units.
• Stabilized property condition.
• Minimum credit score is 650.
• Fixed rates. 30 year fixed term. 30 year amortization.
• Minimum loan amount is $75,000.
• Max loan amount is $7 Million.
• Must have at least 25% equity in the property.
• Property can be zoned residential, or commercial. Either is fine.
• If your client is a Foreign National, and doesn’t have a credit score no problem!

At AMP Mortgage, we bring private money within the reach of commercial multifamily, residential investment, and fix and flip investors. If you prefer having a single point of contact that is professional, acts with integrity, responsive, answers the phone, and responds to emails the same day, you’ll enjoy working with me.

I've been in the industry since 2004, I've been nominated in Scotsman's guide for over $65 million in production in 2017 and 2018. I've worked on tons of commercial deals, as well as residential. This private money product is literally a game changer for multifamily investors and Realtors, and I look forward to being a valuable long term resource.